The Energy and Water Regulatory Commission (EWRC) published a draft amendment to Ordinance № 3 of 21.03.2013 on licensing of energy activities. The proposed amendments concern the obligations of market participants related to the rules and procedures for the identification, avoidance and of infringements under Regulation (EU) № 1227/2011 (REMIT) on the wholesale energy market integrity and transparency.
In the process of practical implementation of these obligations by market participants (mainly traders), the EWRC received letters from the Association of traders with electricity in Bulgaria, representing 23 traders, in which questions are asked to clarify the scope of Art. 155a of the Ordinance 3 and ambiguities are indicated in other texts of Art. 155b to Art. 155e of the Ordinance. After a meeting with EWRC experts, a common understanding was reached that the ordinance needs to be clarified in order to reduce the administrative burden for traders associated with additional costs to keep a paper or electronic log. The logbook records the concluded transactions and the received orders for transactions with wholesale energy products, as well as all the documentation related to the wholesale trade of energy products in accordance with the requirements of REMIT.
The new texts better reflect the ability of market participants to store and provide information on concluded transactions and orders in the wholesale market, eliminating the requirement to keep a log. The requirements of the Ordinance have also been brought in line with the European regulations: Regulation (EU) 1227/2011 and Implementing Regulation (EU) № 1348/2014.
You can get acquainted with the proposed draft amendments to Ordinance 3 at: https://www.dker.bg/index.php?mact=CGCalendar,cntnt01,default,0&cntnt01event_id=632&cntnt01display=event&cntnt01returnid=101
Source: EWRC